Contents
2
Contents 2
J.W. Construction - the biggest developer in the crisis period in Central-East Europe 3
Significant events in Q1 2012 4
The Company's results in Q1 2012 5
Sales of flats in Q1 2012 vs Q1 2011 6
Financial results for Q1 2012 7-8
Implementation of the gross profit from sales in Q1 2012 9
Premises from an offer for recognition in results of subsequent quarters 10
The implemented strategy 11
Properties diversifications due to market segment, prestige and location 12
Commercial spaces - a systematic growth in the value of the Company's assets 13
An innovative project - Villa Campina 14
Implemented investments in Q1 2012 - housing spaces 15
Housing investments - planned to commence 16
Sales policy of the Company in 2012 17-18
J.W. Construction - the biggest developer in the crisis period in Central-East Europe
The CIJ Magazine released the ranking of 50 developers in Central-East Europe, which
handled with the market slowdown in 2008-2012 in the most successful way. J.W.
Construction took the first place with a number of 5,673 flats commissioned within the
period of crisis
Source: CIJ, Volume 18 | Issue 4 | April 2012
3
Significant events in Q1 2012
4
Acquisition of investment loans with a value of PLN 50 million for a partial financing the
implementation of a housing investment in Poznan and Warsaw community in
Lewandów Street;
Preparation works to the opening of a hotel-conference complex - Czarny Potok in
Krynica Zdrój
Entry into a final stage of an investment implementation of an exclusive guest house in
Sopot;
Continuation of talks regarding an investment purchase at Kasprzaka Street
(final transaction in April).
Obtaining an occupancy permission for a sewage treatment plant in Ożarów Mazowiecki;
The Company's results in Q1 2012
5
The value of credits granted for investment projects
Flats sold to the clients, with 22 premises from OXYGEN investment implemented by the Company of J.W. Construction S.A.
Ongoing commercial investments, including:- an office building Hanza Tower- Szczecin;- a hotel Stara Dana - Szczecin- a hotel Czarny Potok in Krynica Zdrój- a luxurious guest house - Sopot
Investments to launch in 2012:- Gdynia, at Powstania Wielkopolskiego Street - a building permit- Gdynia, at Sochaczewska Street- Poznań, at Jaroczyńskiego Street - a building permit
about PLN 50 mil
206
3
6 Ongoing housing investments
4
6
J.W. Construction Holding S.A sold 206 units* in Q1 2012. Other investments planned to launch with sales are in the pipeline
* Data on sales include sales of "Oxygen" investment (22 premises)
Sales of flats in Q1 2012 vs Q1 2011
January February March Total Q1
7
Financial results for Q1 2012
Decrease in revenues from sales in Q1 2012 by 62,98%, y/y.
Decrease in gross margin on sales in Q1 2012 by 2,62 p.p y/y.
Revenues from sales [PLN mil] Gross margin on sales [%]
125,6
46,5
I Q 2011 I Q 2012
30,54
27,92
I Q 2011 I Q 2012
62.98% 2,62 p.p.
Q1 2011 Q1 2012 Q1 2011 Q1 2012
8
Financial results for Q1 2012
Profit from operating activities [PLN mil]
Net profit [PLN mil]
Decrease in profit from operating activities in Q1 2012 by 65.19% y/y
Decrease in net profit in Q1 2012 by 87.05% y/y
31,6
11,0
I Q 2011 I Q 2012
19,3
2,5
I Q 2011 I Q 2012
65.19% 87.05%
Q1 2011 Q1 2012 Q1 2011 Q1 2012
9
Implementation of the gross profit from sales in Q1 2012
The level of gross profit earned from sales after Q1 2012 is PLN 12.99 mil. The percentage of developer projects recognized in profit from sales:
29%
42%
11%
14%
1% 3%
Lewandów Park II (26)
Górczewska Park (23)
Bursztynowe Osiedle (11)
Lewandów Park I (16)
Aleja Wiślana (3)
Pozostałe lokalizacje (5)
Units recognized in results Q1 2012 vs Q1 2011:
84
370
I Q 2011 I Q 2012Q1 2011 Q1 2012
Other locations
10
Premises from an offer for recognition in results of subsequent quarters
* in units
2 079
596
376
255
208
184
168
117
77
65
33
Razem
Zielona Dolina I
Słoneczny Park
Łódź Os. Centrum II
Lewandów Park I bud. 3-6
Światowida
Lewandów Park II
Górczewska Park
Lewandów Park I
Pozostałe
Bursztynowe Osiedle
Total
Other locations
The implemented strategy
11
ZegrzeStrykówCieszynTarnowo
Krynica ZdrojSopot Szczecin
Hotels
Office buildings
A Class Hanza Tower
Jerozolimskie Point
Szczecin
2* & 3*
4* & 5*
Hotel 500 chain
1. Czarny Potok2. JW. - luxlux 3. Stara Dana
Warsaw
Flats Popular
Apartments
Houses Exclusive
1.Centrum I & II2.Górczewska Park3.Osiedle Światowida4.Lewandów Park5.Zielona Dolina 6.Os. Bursztynowe7.Słoneczny Park
OXYGEN
Villa Campina
Properties diversifications due to market segment, prestige and location
Warsaw
Warsaw
Ożarów Maz
J.W. CONSTRUCTION HOLDING S.A.COMMERCIAL SEGMENT
HOUSING SEGMENT
prestige
location
Łódź
Ożarów Maz
12
Commercial spaces- a systematic growth in the value of the Company's assets
13
We are building the value for shareholders through a diversification of income sources, what results in a systematic growth of
the Company's assets.
Hanza Tower - office-service project
Jerozolimskie Point - office project
Czarny Potok- hotel project 4* with 5-star SPA&Wellness complex
A luxurious guest house - Sopot
4,979 m2 20,500 m24,157 m2Usable Space
Stara Dana - hotel project 4*
31,785 m2 2,852 m2
Target estimated value of facilities is PLN 600 mil
14
Villa Campina is the first prestigious estate of single-family
houses in Poland based on an American concept ShowCase
House. Its assumption is to present 12 ready to move-in houses
diverse in terms of architecture
and interior design.
ShowCase House concept
As the first in Poland, we are offering a prestigious estate of
single-family houses, which are created by the inhabitants
themselves by selection of plots and projects of houses. From the
exposition of 12 types of show houses, the client can select a
preferred project and entrust the developer its implementation
and all the paperwork associated with it.
Numbers
Number of undeveloped plots: 194
Total area of undeveloped plots: 162,058m2
Estimated value of utilized plots: PLN 123 mil
Ready show houses: 12 (value of PLN 19 million)
Number of parcels: 719 m² to 1,387 m²
Toal area of houses: 116 m² to 193 m²
Distance from Warsaw: about 8 km
Distance from Kampinos National Park: 5 km
Distance from Ożarów: 5 km
An innovative project - Villa Campina
15
Housing investments implemented in Q1 2012 - housing spaces
12 Domów w Ożarowie
UFS
Number of units
"Zielona Dolina I", Zdziarska
Street
"Zielona Dolina I", Zdziarska
Street
"Słoneczny Park"
„Osiedle Centrum II",
Łódź
"Osiedle Lewandów
I"– buildings 3-6
„Osiedle Światowida”
"Słoneczny Park"
„Osiedle Centrum II",
Łódź
"Osiedle Lewandów
I"– buildings 3-6
„Osiedle Światowida”
12 houses in Ożarów
16
Housing investments - planned to commence
In the nearest 2 years, the Company is planning to introduce to its offer about 6,431 units from the owned land bank, of which 26% will be erected beyond Warsaw
*Investments which are planned to launch in 2012 are in green colour
InvestmentNumber of
flats:UFS
Warsaw, at Kasprzaka Street 3,000 148,974 m2
Warasaw, Zielona Dolina II 853 37,219 m2
Warsaw, at Berensona Street 259 11,875 m2
Warsaw, at Antoniewska Street 255 14,515 m2
Warsaw, Aluzyjna II 147 6,985 m2
Warsaw, at Odkryta II 82 4,158 m2
Warsaw, at Zdziarska III 52 2,256 m2
Warsaw, at Aluzyjna I 40 2,011 m2
Ożarów Mazowiecki (houses) 50 7,500 m2
Warsaw, at Lewandów Street (houses)
16 2,510 m2
Total: 4,754 238,003 m2
InvestmentNumber of flats:
UFS
Katowice, at Tysiaclecia Street
585 27,657 m2
Gdynia, at Spokojna Street 440 33,500 m2
Katowice, at Bałtycka Street 256 14,688 m2
Poznań, at Jaroczyńskiego Street
183 9,423 m2
Łódź, at Tymienieckiego Street III
106 5,165 m2
Gdynia, at Sochaczewska Street
55 3,400 m2
Gdynia, at Powstania Wielkopolskiego Street
52 3,200 m2
Total: 1,677 97,033 m2
Investments in Warsaw and vicinity Investments beyond Warsaw
17
Sales policy of the Company in 2012
An attractive housing offer , including turnkey apartments available in Silver, Gold and Platinum programs and with full equipment
Turnkey finish programs for the Customers - Silver, Gold and Platinum
Implementation of the program, "Move in, then buy" for the investment of Lewandów Park
Professional and free of charge credit counseling Long-term cooperation with banks– the best offer of credits on
the market of mortgages only for the Company’s customers. Offer of various financing programmes for Customers Attractive offer of flats that meet the requirements of the
government program "Rodzina na swoim" Individual approach to the customer – the possibility of
negotiating the prices depending on the payment amount and schedule
18
Sales policy of the Company in 2012
Packages offering special conditions, dedicated to employees of institutions co-operating with J.W. Construction Holding S.A.
Conducting strategic marketing activities in all areas of communication with Clients
Contest of tenders made by Customers Special offer for customers on the occasion of the Company's participation
in the fair trade and during the organization of open days of house estates Constant monitoring of the real estate market
19
Investor Relations:
Małgorzata Szwarc-Sroka
Economy Division and Investor Relations Office HeadDirector of Economic and Director
of Investor Relations J.W Construction Holding S.A.
Member of the Management Board of J.W Construction S.A.
phone: 22 771 77 85e-mail.: relacje.inwestorskie @ jwconstruction.com.pl